China’s new political system avoids shortcomings of one-party rule such as a lack of democratic supervision as well as the political upheaval caused by vicious competition between multiple political parties as they vie to rule the country.

In July 2017 at the National Financial Work Conference, China decided to set up a committee under the State Council to oversee financial stability. The authority’s present work is establishing the committee an independent entity to oversee financial supervision and coordination at all levels.

President Xi Jinping highlighted development, human capital and innovation when joining deputies in a panel discussion at the 13th National People’s Congress (NPC) on Wednesday. Other Chinese leaders such as Li Keqiang, Li Zhanshu, Wang Yang, Wang Huning, Zhao Leji and Han Zheng, members of the Standing Committee of the Political Bureau of the CPC Central Committee, also joined NPC deputies in panel discussions.

President Xi Jinping, as the chief architect of China’s major-country diplomacy, has been personally involved in planning and conducting “brilliant” head-of-state diplomacy, Foreign Minister Wang Yi said Thursday.